SOLD
Sold on 26 Mar 2024 for $810,000

30 Oakmont Avenue
Medowie NSW 2318

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 186m2
Land area: 928m2
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Property Details for 30 Oakmont Ave, Medowie

30 Oakmont Ave, Medowie is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2012. The property has a land size of 928m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Medowie in the last 12 months.

Building Type
House
Year Built
2012
Floor Size
186m2
Land Size
928m2
Local Government
Port Stephens
Lot/Plan
31/DP280007

Last Listing description (May 2024)

INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a 927sqm block and situated in high demand Pacific Dunes Estate in Medowie.

Medowie is only a 30-minute drive to Newcastle CBD whilst also being in close proximity to Newcastle Airport and some of the most amazing beaches Port Stephens, and its surrounds, has to offer. Pacific Dunes Estate is built around an 18-hole championship golf course where residents enjoy exclusive access to an on-site pool, tennis courts, parks and BBQ area, It's a short stroll to the Pacific Dunes Green House Eatery plus the brand new Catherine McAuley Catholic college is only a short distance away.

Offering 4 bedrooms and two bathrooms, the master bedroom is located at the front of the home and includes a walk-in robe and private ensuite. The remaining 3 bedrooms include built-in-robes and are zoned in close proximity to the family bathroom with a separate shower and bath.

The galley style kitchen includes a large pantry, plenty of cupboard space and breakfast bar. The open plan tiled family/meals area is within easy reach of the kitchen and a separate carpeted living room provides an ideal space as a kids retreat. Glass sliding doors from the family/meals space provides access to the outdoor alfresco area and large landscaped, fully fenced, backyard. The property also includes double auto garage with internal access.

Built approximately 2012 and currently rented at $650pw, this DHA investment property offers the astute investor a no-fuss, stress-free investment with guaranteed rental income paid monthly in advance by Defence Housing Australia (DHA), plus it will benefit from DHA restoration work at the end of the lease, including new carpets and paint (internal and external).

PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, WIR and en-suite
* Open plan tiled family/dining/kitchen
* Separate carpeted living room
* Split system air conditioned living spaces
* Versatile kitchen with stainless steel appliances
* Double auto garage with internal access
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Access to Pacific Dunes amenities including swimming pool, tennis courts and family BBQ area

This investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance and other extensive benefits of the DHA Property Care Services.

LEASE DETAILS :
* Lease start date: 20/12/2021
* Lease end date: 19/12/2027
* Lease option: 1 x up to 36 months
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour.
* Current Gross rent $650pw and reviewed annually each December.
* Built approx. 2012
* Council and Water Rates approx. $2,252 per annum (water usage reimbursed back to owner by DHA)
* Community Strata Fees - $165.00 per qtr.

DHA LEASE BENEFITS:
* Guaranteed rent paid in advance, even when the property is vacant
* Annual market rent review service (conducted by an independent licensed valuer)
* Online services portal to view and manage your property
* The lessor will be entitled to a lease-end make-good which includes new paint and carpets (refer to the DHA Lease Agreement)
* Property Care program - DHA are responsible for organising and covering the cost of most non-structural repair and maintenance works, including the replacement of fixed appliances as needed
* Tenancy management - DHA take the pressure off managing the tenants, you do not have to inspect the property (however, this can be arranged on request)
* Emergency repair - in the event of emergency DHA will act quickly on your behalf
* Zero re-letting fees

These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.

* Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Jenny Andrew of Hudson Property Agents on 0414 207 279.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
*** Photos supplied by DHA for the purposes of marketing the property
**** Weekly rent quoted is for 2024 as per 2023 rental assessment completed in December

Property History for 30 Oakmont Ave, Medowie, NSW 2318

A timeline of how this property has performed in the market
Last Sold
$810,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $810,000
  • 15 Jul 2022
    Listed for Sale Not Disclosed
  • 09 Nov 2012
    Sold for $470,000

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About Medowie 2318

The size of Medowie is approximately 42.8 square kilometres. It has 22 parks covering nearly 15.9% of total area. The population of Medowie in 2011 was 8,843 people. By 2016 the population was 9,581 showing a population growth of 8.3% in the area during that time. The predominant age group in Medowie is 0-9 years. Households in Medowie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Medowie work in a trades occupation. In 2011, 75.8% of the homes in Medowie were owner-occupied compared with 74.3% in 2016.

Medowie has 5,211 properties. Over the last 5 years, Houses in Medowie have seen a 65.70% increase in median value, while Units have seen a 50.92% increase. As at 31 October 2024:

  • The median value for Houses in Medowie is $827,440 while the median value for Units is $490,403.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 61 properties listed for sale, and 17 properties listed for rent in Medowie on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Medowie.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.